Sensors to benefit from shift to better automation
June 26, 2012 // Nick Flaherty
New and expanding applications, coupled with the shift to enhanced automation processes and controls, are restoring growth to the global market for proximity and displacement sensors according to new figures from Frost & Sullivan
The report - Analysis of the Proximity and Displacement Sensors Markets - finds that the market for inductive, photoelectric, capacitive, magnetic, ultrasonic and LVDT sensors reached $2.427.5bn in 2011 after negative growth rates in 2009 and estimates the marke to reach $3.048bn in 2018.
“The need for better automation is expected to allow for the conversion from older and less sophisticated controls to state-of-the-art automation,” said V. Sankaranarayanan, Senior Industry Analyst at Frost & Sullivan. “As a result, the number and range of sensors used in equipment is increasing.”
Due to the rising sophistication in manufacturing processes, end-users are demanding more functionality from proximity sensors. Advanced network technologies (CompoNet and IO-Link) and diagnostic capabilities are some of the technical advancements that are also anticipated to boost market prospects.
Growth in mature markets such as Western Europe and North America is expected to be slow. The potential for further growth is limited, as most industrial processes are already using proximity and displacement sensors. In contrast, Asia is becoming progressively more important due to surging production and automation.
“Production in emerging economies, such as China and India, is becoming increasingly automated,” said Sankaranarayanan. “Robust economic growth in these regions is expected fuel the demand for proximity and displacement sensors.”
Proximity sensors find application in almost every industry due to the importance of feedback, underlining the widespread consumer demand for them. In addition to China and India, growth opportunities are also surfacing in other smaller Asian countries that have embarked on a path of economic development.
Keys to success will be emerging network technologies, solutions instead of products, regional growth markets and a successful distribution strategy.
“It is important to offer more than just a sensor; market participants will have to focus on providing complete solutions,” said Sankaranarayanan. “Price pressures will continue to pose a challenge, so vendors will need to constantly advance on the technological front.”
How will deep learning change SoCs?
March 31, 2015
Deep Learning is already changing the way computers see, hear and identify objects in the real world.
Electronics printed in France
Sony licenses bonding technology from Ziptronix
Delphi selected to build Audiís autopilot computer
Medical chip market on 12% CAGR
Philips offloads LED lighting components unit for USD2.8bn
March 31, 2015
Philips has agreed to sell an 80.1 percent stake in the company's lighting components division for $2.8 billion to Go Scale ...
Imec and sureCore partners on 28nm SRAM
Analysts cool on Intel/Altera combo
A new candidate for ultra-thin optoelectronics: DNA-peptide
- High-Speed, Real-Time Recording Systems Handbook
- New Linear Regulators Solve Old Problems
- Intelligent Over Temperature Protection for LED Lighting Applications
- Intel helps to Turbocharge Infotainment Systems Designs
InterviewInfineon: CAN FD success goes at the expense of FlexRay
The faster version of the venerable CAN bus, CAN FD is currently taking off at several carmakers. Infineon's Thomas BŲhm, Head of Body / Automotive, believes this could well go at the expense of FlexRay. ...
Filter WizardCheck out the Filter Wizard Series of articles by Filter Guru Kendall Castor-Perry which provide invaluable practical Analog Design guidelines.
Linear video channel
READER OFFERRead more
This month, DecaWave is offering EETimes Europe's readers the chance to win two TREK1000 kits to evaluate its Ultra-Wideband (UWB) indoor location and communication DW1000 chip in different real-time location system topologies.
Worth €947, the kit allow designers to prove a concept within hours and have a prototype ready in days. Based on the two-way ranging scheme, the kit lets you test...MORE INFO AND LAST MONTH' WINNERS...
December 15, 2011 | Texas instruments | 222901974
Unique Ser/Des technology supports encrypted video and audio content with full duplex bi-directional control channel over a single wire interface.